Lootah said Wednesday the developer planned to build new villas on Palm Jumeirah to accommodate a rise in demand, and to begin work on a dedicated mall for the offshore island. “We are reviewing- and hopefully before the end of year, after doing internal evaluations- the Palm Jumeirah Mall, which is going be an added value to Palm Jumeirah and the rest of the area,” he said. “And also hopefully we will be launching new villas on Palm Jumeirah and will go out for engineering very shortly. “We are seeing transactions are increasing and there is high demand and that has encouraged us. Details will be announced, numbers and design will be announced before the end of the year.” Source: http://www.arabianbusiness.com/nakheel-settles-2-72bn-of-claims-in-stalled-projects-417323.html